The Indian market ended lower on Wednesday, paring early gains, as a decline in information technology stocks—spurred by concerns over U.S. economic growth—weighed on the broader market. Additionally, concerns about U.S. tariffs and their potential impact on the global economy continued to dampen sentiment. The benchmark BSE Sensex lost 72.56 points or 0.10% to close…
A bank teller has been arrested for allegedly grabbing $1,000,000 in cash from his employer’s vault and successfully sneaking it out of the premises. Daniel A. Acebo was hired by a New York bank – which hasn’t yet been named – as a business banker, according to local reports. One of his jobs was to…
The combined market valuation of eight of the top-10 most valued firms eroded Rs 1,65,784.9 crore last week, with Tata Consultancy Services (TCS) taking the biggest hit, in line with bearish trends in equities. Last week, the BSE benchmark declined 628.15 points, or 0.82 per cent, while the Nifty went lower 133.35 points, or 0.58…
Kolkata: IDFC First Bank on Saturday reported a 53% year-on-year fall in net profit for the third quarter, on account of higher provisions to cover stressed loans. The net profit was Rs 339 crore for the quarter against Rs 716 crore in the year ago period. The bank attributed the fall in profit to the…
Essar Oil and Gas Exploration & Production Ltd. (EOGEPL) has held initial talks to raise $275 million through overseas bonds, marking its first fundraising initiative since undergoing a debt restructuring, according to people familiar with the matter. “The company has held talks with a couple of global banks to assess their interest for a possible…
State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said. The bank has already appointed merchant bankers and legal advisers for the proposed QIP, Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI. “With…
The Indian market ended 2024 with an annual return of about 8%, with Sensex and Nifty sustaining their winning streaks for the ninth consecutive year in a row. On Tuesday-– the last trading day of the year, Sensex slipped 109 points, while Nifty ended largely unchanged amid persistent foreign fund outflows. Selling in heavyweight IT…
The Indian market ended in red on Monday, pressured by selling in heavyweight lenders like HDFC Bank and ICICI Bank, along with declines in auto stocks. The session saw subdued trading volumes as markets approach year-end. The benchmark BSE Sensex lost 450.94 points or 0.57% to close at 78,248.13, while the broader Nifty 50 index…
Indian benchmark indices ended flat on the monthly expiry day today (Thursday, December 26) amid a range bound trade. The weakness was on account of corrections in FMCG and bank stocks though auto and pharma stocks salvaged some pride. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed…
The Indian market ended in red on Thursday as a surge in rate-sensitive IT stocks due to the near-certainty of a U.S. rate cut next week was offset by a decline in almost all other sectors on caution ahead of domestic inflation data. The benchmark S&P BSE Sensex slipped 236.18 points or 0.3% to settle…